Open Way Learning

Analysis

Open Way Learning is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Way Learning reported income of $414k and spending of $402k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $326k to $414k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Open Way Learning sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Newton Schools Foundation Inc ($414k), Prairie Skies Public Library District ($414k) and Childrens Weekday Program ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $149k (37% of expenses). Other salaries and wages came to $76k. At year end it held assets of $39k against liabilities of $338, net assets of $38k. It reported 4 employees.